RFOX Finance Constructs a Bridge for its Metaverse Ecosystem
By combining DeFi with play-to-earn blockchain gaming, live shopping, user-monetized content, and VR-enabled entertainment, what do you get? You get the RFOX VALT metaverse ecosystem, that’s what!
The VALT is currently under construction, but that’s not stopping RFOX from putting all the separate pieces into place. Cohesive metaverse environments aren’t ready. But if you want to earn some fat yields from staking and farming tokens, like right now, head over to RFOX Finance.
You can transact on Ethereum if you want, but I’d recommend Binance Smart Chain since that’s where most of the action happens. Compare the two to quickly see how the speed and fees are a night and day difference.
I’ll give you an easy example. I recently tried to swap one crypto for another on Uniswap. The gas fee was gonna be $121 for $100 in trade value. C’mon, WTF kind of donkey crap is that? Who in their right mind wants to pay 121% fees per transaction?
Yeah, I know, the fees go up and down. But so does the price of the two cryptos I was trading. I don’t have time to wait for gas to drop. When you gotta trade, you gotta trade!
On the flip side, I recently conducted a trade on PancakeSwap, and the fee was less than $1 for the same $100 in trade value. Yes, please!
DeFi is a wild world but has matured quite a bit over the past year or so. The innovative projects know that Ethereum’s fees are ridonkulous, and even Vitalik himself has said that high costs negate crypto’s equalizing properties.
As for RFOX, they are one of the smart cookies operating on more than one blockchain. And last week, they put together a bridge that lets users zip tokens back and forth between the Ethereum network and the WAX blockchain.
Why not Fantom or Avalanche? Good question! Those should come in time. But WAX is home to KOGs, the first successful RFOX NFT product dating back to when the organization was known as RedFOX Labs.
KOGgers rejoice
If you’re part of the play-to-earn scene, you may have heard of KOGs: SLAM!, the free mobile app from RFOX Games.
By completing daily missions and challenging fellow competitors, players earn in-game tokens called KOINS. Payouts happen via $RFOX token, the cryptocurrency powering the entire RFOX multiverse.
We already talked about how gas fees on the Ethereum network can eat your profits for lunch. There’s no way a turn-based game revolving around collectible NFTs could happen on Etherum. Too slow and way too expensive. So, where is one to turn?
The WAX blockchain is an ideal home for such games! According to the WAX Medium account, it’s the most used and transacted blockchain on the planet, often surpassing 500k daily users.
KOGs: SLAM! operates on the WAX blockchain, so it makes sense that RFOX chose that network for its first bridge. Looking at the RFOX roadmap, you’ll notice that RFOX Finance has big plans for Q2:
“We aim to add support for more blockchains, such as WAX, Polygon, Solana, Avalanche, Fantom, etc., expanding from Ethereum and Binance Smart Chain.”
One bridge is ahead of schedule, and now all those KOGs fanatics have even more utility for $RFOX.
P.S. — You want to see who is building RFOX VALT? The newly released meet the VALT team has the goods. See you next time for more fun from the metaverse!